Types Of Buyer And A Seller’s Motivation
Early in the business selling process, a client looking to sell a business will need to make a decision on what type or types of buyer is best suited for the transaction. This depends on understanding seller’s motivation; for example, the need for additional resources, financial problems, or regulatory issues. Once a seller’s motivation is clearly communicated, he or she can then consider the different types of buyers and the extent to which they might match the seller’s motivation for selling, and his or her objectives.
Clients are motivated to sell their Illinois business entity for different reasons. Our Chicago corporate attorneys believe in understanding a client’s motivation and reasoning behind the decision to sell his or her business in order to provide proper counsel and find the best fit for our clients and prospective buyers.
A client may decide that the best way to go about the sale is to discuss potentially selling to employees. On the other hand, a client may explore the possibility of selling the business to a third party. Or a client may explore strategic or financial avenues to sell the business. Our Chicago corporate lawyers help clients explore the different options or combination of options to make sure they choose the right type of buyer.